UnaVista Continues N America Expansion to Address New Regulatory Obligations
LSE.com – LONDON- UnaVista, London Stock Exchange Group’s (LSEG) hosted software platform for matching, reconciliation and regulatory reporting, announces that the company is expanding further across North America, underpinned by industry veteran Neil Giavara having recently joined the firm as Senior Sales Executive, Americas.
Giavara is based at the LSEG office in New York, where UnaVista first established a US sales team in 2013. The UnaVista US office has grown steadily ever since, with several experienced colleagues from London having repatriated over the past year to bolster the breadth of service offerings available to North American firms, including 24/7 customer support.
Robert Grant, Head of Business Development in the Americas at UnaVista, said:
“We are delighted to welcome Neil to the North American UnaVista sales team. He has solid experience in the regulatory reporting, compliance and risk management space, helping firms address multiple global reporting and reconciliation issues. As the regulatory landscape continues to evolve, firms are looking to a viable global technology platform like UnaVista to provide consolidated regulatory reporting functionality. With 50,000 users on our platform today and 5 billion transaction being processed a year, there is an enormous opportunity for the US business to replicate the success it has achieved in Europe.”
By way of example, MiFID II, which goes into effect in January of 2018, will have wide reaching implications for US financial firms, many of whom will have new reporting obligations and may even need to disclose personal information about their traders and other decision makers. Other European regulations increasingly impacting US firms include MiFIR and EMIR. Notwithstanding, in the US, in addition to Dodd Frank, there are a host of potential new regulations being considered that UnaVista is evaluating to understand how it can help firms meet any new requirements.
Among other recent developments, UnaVista has recently teamed up with DTCC, Charles River and CEB TowerGroup for a series of educational events to help U.S. based firms understand their obligations. One recent webinar had over 1,000 market participants alone, validating the strong demand for knowledge in among US firms as they prepare for all the impending compliance requirements.
UnaVista offers a range of business solutions through one interface to help clients become more efficient and reduce operational and regulatory risk across all asset classes. UnaVista regulatory solutions include the award-winning EMIR Trade Repository and MiFID Approved Reporting Mechanism (ARM) as well as Shareholding Disclosure/Beneficial Ownership services.
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